|
|
Wealth Management in Spain 2006Product Type: Market Research ReportPublished by: Datamonitor Published: January 2007 Product Code: R313-19375 Description IntroductionScope Highlights Reasons to Purchase Table of Contents TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION 9
What is this report about? 9
Who is the target reader? 9
How to use this report 9
Note to readers 10
CHAPTER 2 WEALTHY CLIENTS IN SPAIN 11
Introduction 11
Key findings 11
The Spanish market has seen significant growth over the past five years and this is set to continue 12
There were over 3.6m wealthy individuals in Spain in 2005 12
Wealthy Spanish individuals currently hold EUR692.1bn in onshore liquid assets 13
The number of wealthy individuals in Spain will approach 4.7m by 2010 14
Total onshore liquid assets are forecast to grow by 6.6% over the next 5 years 15
Data tables 16
CHAPTER 3 COMPETITION FOR SPANISH WEALTHY CLIENTS 19
Introduction 19
The Spanish wealth management market is still characterised by rapid change 19
The Spanish private banking sector has remained strong over the past year 20
The competitive landscape has seen significant development as competitors increase their presence and strengthen their position 21
Santander, BNP Paribas and Banco Sabadell grow their businesses with a strong wealth management focus 21
Entry into the market has been muted over the past year 22
A number of firms have announced their intentions to expand their Spanish operations 22
Product and service offerings are in the process of transformation owing to regulatory changes and increasing sophistication 23
BBVA broadens HNW insurance offering 23
BBVA takes an innovative approach is taken to SRI investment 23
BBVA launches its new private equity fund Valanza 24
Banif plans new high street branch network to target new areas of wealth 24
There has been a spate of hedge fund-related launches in anticipation of new regulations 24
The regulatory landscape is in the process of change 25
Spain has focused on prevention of tax avoidance over the past year 25
Hedge fund legislation is expected to transform the wealth management industry in Spain 25
The launch of the MAB alternative exchange signals the increasing importance of alternative investments in Spain 26
APPENDIX 27
Definitions 27
Research methodology 28
Wealth Management Market Leaders Survey 2006 28
Global Wealth Model Methodology 29
Further Reading 33
Global Wealth Management SPP 33
Datamonitor Asia Pacific Wealth Management SPP 34
SPP writing team 36
LIST OF TABLES
Table 1: Number of wealthy individuals in Spain 2001 - 2005 16
Table 2: Value of onshore liquid assets held by wealthy individuals in Spain 2001 - 2005 17
Table 3: Forecast number of wealthy individuals in Spain 2006 - 2010 17
Table 4: Forecast value of onshore liquid assets held by wealthy individuals in Spain 2006 - 2010 18
LIST OF FIGURES
Figure 1: Since 2002 the number of wealthy individuals in Spain has grown by over one million 12
Figure 2: Spanish liquid assets held by wealthy individuals have grown steadily since 2002 13
Figure 3: The number of wealthy individuals in Spain is forecast to rise by 5.5% compounded annually between 2006 and 2010 14
Figure 4: The value of onshore liquid assets held by wealthy individuals in Spain will rise to EUR953.5bn by 2010 15
|
|
||||||||
MindBranch has been the leading provider of industry and investment research from more than 550 independent research firms since 1992. With over 90,000 market research reports, MindBranch is your trusted source of competitive business intelligence. |